Spring is here, and it's a great feeling. Not only are the flowers and trees racing to reach full potential, but so is the market. Inventory has burst (a little) building up at a brisker pace than we have seen. It's nice for buyers to finally have some choices.

With more choices, potential new owners have options, and they will pick the houses where they see value. Not everything is flying, there are some homes that are adjusting prices to get where they need to be in order to be that "value" player. The price reduction is a great tool to open your property up to new eyes- people who may not have even known about the house at the previous higher price. I know sellers worry a price reduction will stigmatize their home, but it can invigorate and infuse a new life into the listing.

 

MBTA Communities Law

 

You may have heard the buzz about the MBTA Communities Law that was passed in Massachusetts. The law requires relaxed multifamily zoning near the T and other commuter stations. It doesn't mandate that new buildings have to be developed, nor does it offer guidance on how the town will handle an influx of people, but it encourages zoning be relaxed so there is the possibility of more housing. For Wellesley, Natick, Needham, Concord etc. that have commuter rail stops, each town will have to come up with their plan to make the changes by the end of 2024 according to the Boston Globe: "They must rezone to permit a minimum number of multifamily housing units equal to 15 percent of the current housing stock. Deadline for rezoning is the end of 2024." Pretty interesting.

 

Now the fun part!! So happy to present all of my current and coming soon listings! I am the luckiest agent around, honored to represent these wonderful people selling their special properties.

65 Kingsbury Street, Wellesley

$1,975,000

Click here to see 65 Kingsbury Street 

200 Pond Road, Wellesley 

$10,000,000

11 Roanoke Road, Wellesley

$2,749,000

Click here to see 11 Roanoke Road

 

33 Royalston Road, Wellesley

$6,750,000

Launcher Way, Wayland

$859,000

Click here to see Launcher Way

4 Carver Road 

$1,825,000

 

 

37 Garden Road

$2,895,000

 

 

8 Beverly Road 

$2,795,000

 

 

243 Crafts Street, Newton 

Click here to see 243 Crafts Street

 

 

I'm always available and more than happy to provide an analysis for you! Email me at teri@mgsgrouprealestate.com or call at 617-306-3642 to schedule a meeting.

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